Destabilizing the Global Monetary System: Germany’s Adoption of the Gold Standard in the Early 1870s

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Publisher : International Monetary Fund
ISBN 13 : 1498301223
Total Pages : 28 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Destabilizing the Global Monetary System: Germany’s Adoption of the Gold Standard in the Early 1870s by : Mr.Johannes Wiegand

Download or read book Destabilizing the Global Monetary System: Germany’s Adoption of the Gold Standard in the Early 1870s written by Mr.Johannes Wiegand and published by International Monetary Fund. This book was released on 2019-02-15 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries that ultimately ended global bimetallism, i.e., a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between gold and silver currencies. As a result, silver currencies depreciated sharply, and severe deflation ensued in the gold block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the contemporaneous debate and statistical evidence suggest that it acted preemptively: the Australian and Californian gold discoveries of around 1850 had greatly increased the global supply of gold. By the mid-1860s, gold threatened to crowd out silver money in France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked exclusion from the fixed exchange rate system that tied together the major industrial economies. Reform required French accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France settled the war indemnity and regained sovereignty in late 1873. In this situation, switching to gold was superior to adopting bimetallism, as it prevented France from derailing Germany’s reform ex-post.

Battles for the Standard

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Author :
Publisher : Routledge
ISBN 13 : 135172567X
Total Pages : 185 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Battles for the Standard by : Ted Wilson

Download or read book Battles for the Standard written by Ted Wilson and published by Routledge. This book was released on 2017-11-01 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2000. This is a history of the monetary developments in the international economy of the 19th century. It reviews the monetary developments in the core economies of the period: Britain, the United States, France, Germany, and also India. Particular attention is given to the expansion of the gold standard in the context of the intense national and international debates about the role of precious metals and the author also examines the conflict between supporters of gold, silver and bimetallism, both in terms of competing financial and economic theories and in terms of the varying social and cultural backgrounds that informed them. The main thrust of the work is that the sheer plurality of ideas and contexts helped to ensure the eventual victory of the gold standard, despite the inherent superiority of bimetallic systems.

The History of Bimetallism in the United States

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Publisher :
ISBN 13 :
Total Pages : 324 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The History of Bimetallism in the United States by : James Laurence Laughlin

Download or read book The History of Bimetallism in the United States written by James Laurence Laughlin and published by . This book was released on 1886 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Coin's Financial School

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Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (6 download)

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Book Synopsis Coin's Financial School by : William Hope Harvey

Download or read book Coin's Financial School written by William Hope Harvey and published by . This book was released on 1894 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Voluntary National Content Standards in Economics

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Publisher : Council for Economic Educat
ISBN 13 : 9781561834334
Total Pages : 122 pages
Book Rating : 4.8/5 (343 download)

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Book Synopsis Voluntary National Content Standards in Economics by : National Council on Economic Education

Download or read book Voluntary National Content Standards in Economics written by National Council on Economic Education and published by Council for Economic Educat. This book was released on 1997 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essential guide for curriculum developers, administrators, teachers, and education and economics professors, the standards were developed to provide a framework and benchmarks for the teaching of economics to our nation's children.

The Rise and Fall of the Gold Standard

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Publisher : Hassell Street Press
ISBN 13 : 9781014744333
Total Pages : 208 pages
Book Rating : 4.7/5 (443 download)

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Book Synopsis The Rise and Fall of the Gold Standard by : Sir Charles Morgan-Webb

Download or read book The Rise and Fall of the Gold Standard written by Sir Charles Morgan-Webb and published by Hassell Street Press. This book was released on 2021-09-09 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Money

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Publisher :
ISBN 13 :
Total Pages : 258 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Money by : John Joseph Valentine

Download or read book Money written by John Joseph Valentine and published by . This book was released on 1896 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Purchasing Power of Money

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Publisher :
ISBN 13 :
Total Pages : 558 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Purchasing Power of Money by : Irving Fisher

Download or read book The Purchasing Power of Money written by Irving Fisher and published by . This book was released on 1911 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of the History of Money and Currency

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Publisher : Springer
ISBN 13 : 9789811305955
Total Pages : 0 pages
Book Rating : 4.3/5 (59 download)

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Book Synopsis Handbook of the History of Money and Currency by : Stefano Battilossi

Download or read book Handbook of the History of Money and Currency written by Stefano Battilossi and published by Springer. This book was released on 2020-03-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides a comprehensive overview of state-of-the-art research in the field of monetary and financial history. The authors comprise different generations of leading scholars from universities worldwide. Thanks to its unrivaled breadth both in time (from antiquity to the present) and geographical coverage (from Europe to the Americas and Asia), the volume is set to become a key reference for historians, economists, and social scientists with an interest in the subject. The handbook reflects the existing variety of scholarly approaches in the field, from theoretically driven macroeconomic history to the political economy of monetary institutions and the historical evolution of monetary policies. Its thematic sections cover a wide range of topics, including the historical origins of money; money, coinage, and the state; trade, money markets, and international currencies; money and metals; monetary experiments; Asian monetary systems; exchange rate regimes; monetary integration; central banking and monetary policy; and aggregate price shocks.

Bulletin of the New York Public Library

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Publisher :
ISBN 13 :
Total Pages : 608 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis Bulletin of the New York Public Library by : New York Public Library

Download or read book Bulletin of the New York Public Library written by New York Public Library and published by . This book was released on 1905 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes its Report, 1896-19 .

What Has Government Done to Our Money?

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Publisher : Ludwig von Mises Institute
ISBN 13 : 1610163060
Total Pages : 130 pages
Book Rating : 4.6/5 (11 download)

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Book Synopsis What Has Government Done to Our Money? by : Murray Newton Rothbard

Download or read book What Has Government Done to Our Money? written by Murray Newton Rothbard and published by Ludwig von Mises Institute. This book was released on 1990 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money Mischief

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Publisher : HMH
ISBN 13 : 0547542224
Total Pages : 303 pages
Book Rating : 4.5/5 (475 download)

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Book Synopsis Money Mischief by : Milton Friedman

Download or read book Money Mischief written by Milton Friedman and published by HMH. This book was released on 1994-03-31 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nobel Prize–winning economist explains how value is created, and how that affects everything from your paycheck to global markets. In this “lively, enlightening introduction to monetary history” (Kirkus Reviews), one of the leading figures of the Chicago school of economics that rejected the theories of John Maynard Keynes offers a journey through history to illustrate the importance of understanding monetary economics, and how monetary theory can ignite or deepen inflation. With anecdotes revealing the far-reaching consequences of seemingly minor events—for example, how two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, and how FDR’s domestic politics helped communism triumph in China—as well as plain-English explanations of what the monetary system in the United States means for your personal finances and for everyone from the small business owner on Main Street to the banker on Wall Street, Money Mischief is an enlightening read from the author of Capitalism and Freedom and Free to Choose, who was called “the most influential economist of the second half of the twentieth century” by the Economist.

The Case for Gold

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Publisher : Cato Institute
ISBN 13 : 0932790313
Total Pages : 341 pages
Book Rating : 4.9/5 (327 download)

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Book Synopsis The Case for Gold by : Ron Paul

Download or read book The Case for Gold written by Ron Paul and published by Cato Institute. This book was released on 1982 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money: Natural Law of Money, International Bimetallism, Free Silver, Currency: The Silver Question and Hard Times

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Author :
Publisher : Sagwan Press
ISBN 13 : 9781376871203
Total Pages : 216 pages
Book Rating : 4.8/5 (712 download)

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Book Synopsis Money: Natural Law of Money, International Bimetallism, Free Silver, Currency: The Silver Question and Hard Times by : Hs &. Co Bkp Crocker Cu-Banc

Download or read book Money: Natural Law of Money, International Bimetallism, Free Silver, Currency: The Silver Question and Hard Times written by Hs &. Co Bkp Crocker Cu-Banc and published by Sagwan Press. This book was released on 2018-02-06 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Sound Currency

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Publisher :
ISBN 13 :
Total Pages : 686 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Sound Currency by :

Download or read book Sound Currency written by and published by . This book was released on 1896 with total page 686 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Retrospective on the Classical Gold Standard, 1821-1931

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Author :
Publisher : University of Chicago Press
ISBN 13 : 0226066924
Total Pages : 694 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis A Retrospective on the Classical Gold Standard, 1821-1931 by : Michael D. Bordo

Download or read book A Retrospective on the Classical Gold Standard, 1821-1931 written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2009-02-15 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a timely review of the gold standard covering the 110 years of its operation until 1931, when Britain abandoned it in the midst of the Depression. Current dissatisfaction with floating rates of exchange has spurred interest in a return to a commodity standard. The studies in this volume were designed to gain a better understanding of the historical gold standard, but they also throw light on the question of whether restoring it today could help cure inflation, high interest rates, and low productivity growth. The volume includes a review of the literature on the classical gold standard; studies the experience with gold in England, Germany, Italy, Sweden, and Canada; and perspectives on international linkages and the stability of price-level trends under the gold standard. The articles and commentaries reflect strong, conflicting views among hte participants on issues of central bank behavior, purchasing-power an interest-rate parity, independent monetary policies, economic growth, the "Atlantic economy," and trends in commodity prices and long-term interest rates. This is a thoughtful and provocative book.

The Money Question

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Author :
Publisher : Lulu.com
ISBN 13 : 1329149327
Total Pages : 624 pages
Book Rating : 4.3/5 (291 download)

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Book Synopsis The Money Question by : William Berkey

Download or read book The Money Question written by William Berkey and published by Lulu.com. This book was released on 1876 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: